Legislation Would Address Deficiencies in JOBS Act

Given the haste with which the JOBS Act made its way through Congress, it is not surprising that there are some details that may have been neglected.

Rep. McHenry has introduced a bill (H.R. 701), co-sponsored by Representatives Schweikert, Eshoo, Garrett, and Scott, which would direct the Securities and Exchange Commission to implement rules for Section 3(b)(2) (or Regulation A+) by October 31, 2013.

Rep. Womack’s bill (H.R. 801) would address the inadvertent omission of savings and loan holding companies from the deregistration provisions—consistent with the JOBS Act legislative history.

About This Blog

The Jumpstart Our Business Startups (JOBS) Act is intended to jumpstart capital-raising for emerging companies, as well as facilitate capital formation for existing public companies of all sizes. Given our longstanding commitment to serve emerging companies and the breadth of our capital markets and corporate practices, we are fascinated by the possibilities that the JOBS Act may turn into reality. So fascinated that we decided to supplement our dedicated JOBS Act webpage with this blog. Our Jumpstart blog is intended to provide entrepreneurs, domestic and foreign companies of all shapes and sizes, and financial intermediaries, with up to the minute news and commentary on the JOBS Act.

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